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Chan's Group
In this Group: Chan, Mara
Aged 46, Chan is a resident from Pouk district of Siem Reap province, Cambodia. She has three children, two of whom are still living with her and helping the family’s business. To support the family’s basic need, Chan raises chickens and ducks for resale. She has been in this business for 5 years and is able to earn about KHR 30,000 per day.

This is the first loan cycle for Chan’s group. She is leading the group of two members to apply for a loan with VisionFund, in the amount of KHR 1,000,000, each. Chan will use her loan portion to purchase more chickens and ducks. She hopes to raise her ducks and chickens healthfully in order to sell at a high price, so she can earn more profit to make a better living.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,105,500
    Funds lent in using Kiva
  • 4,102.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chan's Group's $500 loan helped a member to buy more ducks and chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013